PRE-DEPOSIT

AUDIT vs. INVESTIGATION

AUDIT and INVESTIGATION tend to be referred interchangeably, although these are not one and the same

Audit

• Conducted as a matter of routine • Pre-determined periodicity • Precedes with advance Notice • Co-operative demeaner

Investigation

• Undertaken in case of suspicion • An Ad-hoc action • Usually brings in an element of surprise • Investigation Authority includes SIIB, DGGI

Audit and Investigation proceed to Adjudication. The demarcation is carved by the issuance of SCN